Utkal University 2011 M.B.A Managerial Economics - Question Paper

See Attachment

2011

Sem-H(2Yr.)-MBA(D0CE)

10 (ME) - NC

A

Time: As in Programme Full Marks: 100

Tho questions am of equal value.

Answer mil questions.

1.    Managerial economics is an integration of economic theory, decision science and business management." Comment.

OR

What are the basic functions of a business manager ? How does economics help business managers in performing their functions ?

2.    Explain the concept of price elasticity of demand and discuss different types of price elasticity. How can we measure price elasticity ?

OR

(Turnover)

What is a demand curve and how is it different from a demand schedule ? Discuss the process of derivation of market demand curve and the basic characteristics of a typical demand curve.

3.    Explain the laws of return to scale. Describe them using the Iso-quants.

OR

Write short notes on the following:

(a)    Cobb-Douglas Production Function

(b)    Law of Variable Proportions

4.    What is opportunity cost ? How is H different from real cost ? Explain the economic significance of opportunity cost.

OR

Explain the kinked demand hypothesis of oligopoly market. What is its Impact on oligopoly pricing ?

QS - 52/3    (2)    Contd.

5. Discuss the different theories of profit. Explain why profit maximisation is not the sole aim of a business firm.

OR

Explain and illustrate the mechanism of break even analysis. Discuss tho different applications of break-even analysis in business decision making.

QS - 52/3 (600) (3 )Sem - U{2Yr) - MBA(D0CE) -

10(ME)-NC

Attachment: utkal-university-2011-m-b-a-5146-1.png utkal-university-2011-m-b-a-5146-2.png utkal-university-2011-m-b-a-5146-3.png

Earning:   Approval pending.